A credit union career isn’t for me. Change my mind. (Part 1)
Industry leaders talk about how they cultivated a career in credit unions and how credit unions across the United States can recruit enthusiastic employees to fill tomorrow’s leadership bench.
Unemployment in the United States jumped into the double-digits in April, hitting 14.7%as the fallout of the coronavirus continues to deepen. But even as credit unions put systems and strategies into place to help members and employees withstand the worst of the pandemic, so, too, are they bucking national employment trends.
According to first quarter data available from Callahan & Associates, total employment at U.S. credit unions increased 3.4% annually in the first quarter of 2020 to 317,500. Employment growth, however, is slowing as credit unions across the country employ full-time staff in lieu of part-time. The number of full-time employees increased 3.8% over the past year, whereas the number of part-time employees decreased 4.5%. What’s more, credit unions have avoided laying off employees so far in the second quarter. Instead, organizations report redeploying staff members to support increased call center activity and back-office functions.
Anecdotal evidence doesn’t suggest this trend will soon change, as credit union leaders express more interest in recruiting young, talented workers than downsizing payrolls.
With this in mind, CreditUnions.com reached out to several prominent leaders across the credit union industry to ask them three questions:
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